Ritchie Bros Auctioneers Inc reports results for the quarter ended in March - Earnings Summary

RB Global

10/05/2023 22:01

* Ritchie Bros Auctioneers Inc  RBA.TO  reported quarterly
adjusted earnings of 57 cents​​ per share for the quarter ended
in March. The mean expectation of seven analysts for the quarter
was for earnings of 48 cents per share.
    * Revenue rose 30.1% to $512.40 million from a year ago;
analysts
expected $430.80 million. 
    * Ritchie Bros Auctioneers Inc's reported EPS for the
quarter was
a loss of 28 cents​.
    * The mean earnings estimate of analysts had fallen by
about 24.6%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Ritchie Bros Auctioneers Inc shares had risen by 1.7% this
quarter and gained 0.4% so far this year.
    * The company reported a quarterly loss of $34.2 million.
    * Wall Street's median 12-month price target for Ritchie
Bros
Auctioneers Inc is $66.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
10 at 09:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.48           0.57           Beat
 Dec. 31 2022      0.58           0.68           Beat
 Sep. 30 2022      0.37           0.38           Beat
 Jun. 30 2022      0.63           0.48           Missed